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Jan 23, 2013
01/13
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how important is this car to chrysler? >> if you are a serious carmaker and you can't make it into this segment, it--it--you're doomed. >> it's got a little italian flair? >> yeah. just enough to make it interesting, and it avoids all the pitfalls of being italian, yeah? >> [chuckles] mechanically, it's good? >> mechanically, it's outstanding. >> the darts produced at the belvidere plant are not just for u.s. consumption. marchionne plans to begin exporting them to more than 60 countries. when he took over chrysler in 2009, this plant had 200 workers. by the end of summer 2012, there would be 4,500. what do you think of american workers? >> i think the world of american workers. what happened here at chrysler would have been impossible without the commitment that they've shown, absolutely impossible. when i was looking at this deal back in 2009, i snuck into jefferson, our plant that now makes the grand cherokee. and i'll tell you, if i had any reservations about doing this deal, it was after i saw the state of that plant.
how important is this car to chrysler? >> if you are a serious carmaker and you can't make it into this segment, it--it--you're doomed. >> it's got a little italian flair? >> yeah. just enough to make it interesting, and it avoids all the pitfalls of being italian, yeah? >> [chuckles] mechanically, it's good? >> mechanically, it's outstanding. >> the darts produced at the belvidere plant are not just for u.s. consumption. marchionne plans to begin exporting...
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Jul 23, 2018
07/18
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not about dodge or chrysler. mike manley has a vision along with sergio marchionne for the future the reason shares are down, brian is combination of shock that you have sergio marchionne out as ceo and he was the vision of the company he was fiat chrysler when you bought shares at fiat chrysler for many investors, it was i buy into this guy. much as like people buy tesla. they buy into elon musk. that's what you got with fiat chrysler now the guy who was the visionary, who put this company together ten years ago, he's not there anymore and leading the company. that's why the shares are under a bit of pressure. >> kind of a sideways twist, you'll see -- he's actually a britt. he's the head of nafta he will be negotiating or involved in the negotiation with president trump. not only is he going to be suddenly the ceo but he's got another big job on the side. >> one other thing, brian. let's be clear here. mike manley was sergio marchionne's right hand man. he worked closely with him this is not somebody who was in
not about dodge or chrysler. mike manley has a vision along with sergio marchionne for the future the reason shares are down, brian is combination of shock that you have sergio marchionne out as ceo and he was the vision of the company he was fiat chrysler when you bought shares at fiat chrysler for many investors, it was i buy into this guy. much as like people buy tesla. they buy into elon musk. that's what you got with fiat chrysler now the guy who was the visionary, who put this company...
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May 20, 2015
05/15
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the fiat chrysler. the stock is on fire but with everything this company has going for it i wouldn't be surprised if it had much more room to run. i'm going to rachel in my home state of new jersey rachel. >> hi jim. >> rachel what's up. >> thanks for taking my call. i'm wondering what is your take. i have exxon and what's your take on -- >> it's a hold. i'm not going to tell people to buy it. it's unexciting. i do like eog. i know that that was mr. einhorn that knocked the stock down. you want to own the independents. what people are drilling down on and saying they don't like. eog, fine company. steven in california. steven. >> caller: yes, sir. >> steven. you have jim. >> caller: i would like to know what's going on with kraft. i own some shares. a bunch and i would like to know what is going to happen. >> well, it's merging with heinz, you're in a great situation. they have warren buffet's blessing. 3g is in there. they'll take out and grow the company. i wish my charitable trust owned it. we have b
the fiat chrysler. the stock is on fire but with everything this company has going for it i wouldn't be surprised if it had much more room to run. i'm going to rachel in my home state of new jersey rachel. >> hi jim. >> rachel what's up. >> thanks for taking my call. i'm wondering what is your take. i have exxon and what's your take on -- >> it's a hold. i'm not going to tell people to buy it. it's unexciting. i do like eog. i know that that was mr. einhorn that knocked...
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Jul 25, 2018
07/18
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what has fiat chrysler lost? >> not just the auto industry, really the world has lost an amazing leader somebody who is incredibly dynamic, who motivated people, who gave people opportunities that some were like wow you're putting that person in that position but many of them flourished and many of them really wanted to do well for him and themselves. he was one of those leaders i would never ask somebody to do something that he himself wouldn't do. and that's an incredibly admirable quality. there was nothing beneath him. he was very open and wanted people's feedback. wanted to hear from his constituents really an incredibly dynamic man. >> go ahead, phil. >> i was going to say, the other things that stands out, sergio told it the way it was he would say it and he would also say things that others in the auto industry, they might have said in private but they wouldn't say publicly give you two quick examples. i don't know if you remember, but shortly after they came out of bankruptcy with chrysler, they were rep
what has fiat chrysler lost? >> not just the auto industry, really the world has lost an amazing leader somebody who is incredibly dynamic, who motivated people, who gave people opportunities that some were like wow you're putting that person in that position but many of them flourished and many of them really wanted to do well for him and themselves. he was one of those leaders i would never ask somebody to do something that he himself wouldn't do. and that's an incredibly admirable...
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Aug 19, 2009
08/09
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chrysler closed at $28 then. investors who piggy backed on the government, buying chrysler when the government did at 7: , $7.50, the day the government signed the loan guarantee and sold it for $28 when the government sold back the warrant 30 days later, 280%. the government is great on piggyback. it can do more in shoring up the stock and push management to do the right thing than any big shot activist investor can. investing alongside the government in this case in citigroup could produce stellar gains. the stakes for washington are much higher now than they were with chrysler. i remember chrysler because i was buying stock for individuals when i was working at goldman sachs, i was recommending it to everyone saying this is the turnaround of the lifetime. the government is holding 34% of citigroup when citi was trading $4.32. piggybacking has glitch a gain so far. this is the first inning. i think citigroup could reach $12 by 2012. i'm using that phrase, $12 in 2012 giving you a 280% gain since july 30. that's
chrysler closed at $28 then. investors who piggy backed on the government, buying chrysler when the government did at 7: , $7.50, the day the government signed the loan guarantee and sold it for $28 when the government sold back the warrant 30 days later, 280%. the government is great on piggyback. it can do more in shoring up the stock and push management to do the right thing than any big shot activist investor can. investing alongside the government in this case in citigroup could produce...
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Jan 12, 2017
01/17
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so i think the chrysler 3 liter probably passes. maybe it's got some field problems but i refuse to believe that anybody at fca deliberately cheated on emotions. >> the idea that marchionne is there. trump ran on less regulation for business and industry. it's completely different. >> i think it's going to be very different and here in this particular situation when we could -- when we could have an investigation, have a finding and a continued investigation, this is in the best interests of share owners like public pension funds. i represent firefighters, teachers, police officers and when we invest in a company, we expect the corporate board to do their due diligence. bob may be right, no harm, no foul, but he might be wrong. at the end of the day maybe it's not volkswagen but it's something that should be explored and should be penalized. the people who rely on these pensions at the very least deserve real answer zblers new york city comptroller, scott stringer, thank you. bob lutz, thank you. as always, bob, see you later. >> co
so i think the chrysler 3 liter probably passes. maybe it's got some field problems but i refuse to believe that anybody at fca deliberately cheated on emotions. >> the idea that marchionne is there. trump ran on less regulation for business and industry. it's completely different. >> i think it's going to be very different and here in this particular situation when we could -- when we could have an investigation, have a finding and a continued investigation, this is in the best...
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Oct 13, 2014
10/14
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also coming up, chrysler is back. the combined fiee fiat chrysler in the green. stock exchange debut, moving from the milan exchange. more on what that means for the company and the industry coming up. ad anbag right here. have a nice flight! traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose delta than any other airline. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and
also coming up, chrysler is back. the combined fiee fiat chrysler in the green. stock exchange debut, moving from the milan exchange. more on what that means for the company and the industry coming up. ad anbag right here. have a nice flight! traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the most on-time flights are nothing if we can't get your things there too. it's no wonder more people choose...
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Jul 25, 2018
07/18
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he did he saved fiat before putting together fiat chryslerment. >> four years ago today fiat chrysler was a $5 stock. today it's over 15 dollars you have more than a 200% return for that company's stock the shareholders, the employees all benefiting from this sergio marchionne was 66 we knew he was not going to continue forever in that role. there was talk about the transition in 2019 this all occurred suddenly you have talked about mike manley's history and his own experience is there a sense from your reporting, i'm sorry if i'm putting you on the spot, that the company, while maybe not prepared for this quick of a change, did indeed at least begin prior to this to have a succession olympiplan in place? >> there was a succession plan, whether it came down to mike manley or perhaps a couple other executives who might have been able to take over the position who were in consideration, richard palmer, the cfo, was one of those executives. there was a plan here. sergio marchionne himself said, look, our next ceo would be coming from within the company so this is not a case where they lo
he did he saved fiat before putting together fiat chryslerment. >> four years ago today fiat chrysler was a $5 stock. today it's over 15 dollars you have more than a 200% return for that company's stock the shareholders, the employees all benefiting from this sergio marchionne was 66 we knew he was not going to continue forever in that role. there was talk about the transition in 2019 this all occurred suddenly you have talked about mike manley's history and his own experience is there a...
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Jan 2, 2014
01/14
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it values chrysler at $10.5 billion. joining us with his thoughts for the first time of the year, phil los angeles b lebeau from chicago. is this a better deal? >> i think this is a better deal for everybody all around. at the end of the day, you have a deal that gives sergio merceoni what he desperately wants, which is complete control plus the cash flow from chrys r chrysler. and for the truck, they didn't want to go down the road of an i on. as much as they talked about we want to be fairly valued and make sure we're getting everything we can, for the 41% stake in chrysler, an ipo would not have done any good for either side because you would not have gotten as much valuation as they have gotten with this deal here. so for all parties involved, this is probably the best outcome. >> yeah. i've got to close fairly quickly, phil, as well. how well is the chrysler doing at the moment? how well is it going to do this year? what's it gots got up its sleeve? >> well, it's doing well. for 20 13, sales were slightly better tha
it values chrysler at $10.5 billion. joining us with his thoughts for the first time of the year, phil los angeles b lebeau from chicago. is this a better deal? >> i think this is a better deal for everybody all around. at the end of the day, you have a deal that gives sergio merceoni what he desperately wants, which is complete control plus the cash flow from chrys r chrysler. and for the truck, they didn't want to go down the road of an i on. as much as they talked about we want to be...
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Jul 23, 2018
07/18
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by 2021, fiat chrysler models and fleet will be with electric engines. so fiat chrysler is entering a new market stha they're deciding to challenge the best in class by manufacturing maserati, a car capable of reaching 130 meters per hour -- both on the commercial and industrial side the question is whether fiat chrysler is capable of implementing such a plan with the strength and discipline under sergio marchionne's tenure back to you. >> tank you so much. that is live in turin. >> i want a car that goes that fast in two seconds. sounds like a good challenge to tackle >> they announced five-year plan there were questions about i wonder, what does that mean for them coming into the roles. >> it certainly has come to the surprise of investors. we're seeing that reaction in the stock price today. i can think back when i was at the last motor show this year. the one previously, people were asking about it then it's been on the mind. sergio flagged that he wanted to step down by april 2019. yes, this has come sooner than expected and rings the question of wh
by 2021, fiat chrysler models and fleet will be with electric engines. so fiat chrysler is entering a new market stha they're deciding to challenge the best in class by manufacturing maserati, a car capable of reaching 130 meters per hour -- both on the commercial and industrial side the question is whether fiat chrysler is capable of implementing such a plan with the strength and discipline under sergio marchionne's tenure back to you. >> tank you so much. that is live in turin. >>...
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Oct 13, 2014
10/14
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this marks a huge comeback for fiat chrysler. just four years ago, five years ago, there was serious questions about whether or not just to shut this entire company down, for sergio marchionne to come in and deal with the obama administration and say, for him to come in and take this company from the verge of being completely shut down into the point where it is now, a lifeblood for fiat chrysler because most of the profits are coming from the chrysler division. it is a remarkable turnaround. >> absolutely. phil lebeau, we'll leave it there and look forward to sergio marchionne's interview on "street signs" later today. >>> more red in store for the u.s. markets with futures pointing to a lower open. the dow wiping out gains for the year. >>> as we were just saying, fiat chrysler gets rolling with the listing in new york today officially e merging the italian and u.s. brands. >>> and a texas health worker is the first person to contract ebola inside the u.s. opportunities aren't always obvious. sometimes they just drop in. cme gr
this marks a huge comeback for fiat chrysler. just four years ago, five years ago, there was serious questions about whether or not just to shut this entire company down, for sergio marchionne to come in and deal with the obama administration and say, for him to come in and take this company from the verge of being completely shut down into the point where it is now, a lifeblood for fiat chrysler because most of the profits are coming from the chrysler division. it is a remarkable turnaround....
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Oct 8, 2009
10/09
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chrysler's ceo says operating profitability is possible within 24 months of the automaker. he says chrysler does not need cash from fiat. the company is heading for an ipo next year. fiat's level of ownership will be unaffected by all of this. tile ler, are you right behind me me here inspect. >> i can almost see. >> sandwiches, beckoning. when it comes to dining out, consumers have been tightening their belts. 60% of restaurant owners say traffic is down as is spending. that is according to a recent survey. meanwhile, subway is among those offering recession friendly
chrysler's ceo says operating profitability is possible within 24 months of the automaker. he says chrysler does not need cash from fiat. the company is heading for an ipo next year. fiat's level of ownership will be unaffected by all of this. tile ler, are you right behind me me here inspect. >> i can almost see. >> sandwiches, beckoning. when it comes to dining out, consumers have been tightening their belts. 60% of restaurant owners say traffic is down as is spending. that is...
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Mar 14, 2014
03/14
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we will go live there in a few minutes as chrysler begins production of the new chrysler 200. can chrysler get into the game when it comes to selling cars people really want, not just trucks and suvs? that story when "power lunch" returns. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ it's been that way msince the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood press
we will go live there in a few minutes as chrysler begins production of the new chrysler 200. can chrysler get into the game when it comes to selling cars people really want, not just trucks and suvs? that story when "power lunch" returns. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ it's...
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May 27, 2019
05/19
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fiat chrysler and renault shares are soaring. sca has prepared a 50-50 moerge ger which will be discussed by renault's board this morning they say the new will have a surge. they're currently up 10% close to 14% that's it for today's special europe vote show thank you very much for joining us i think some of the big take aways from this has been that we haven't had a stronger showing for the populist therefore we don't know >> the european is holding steady we saw some rise but not to the extent that the market had been expecting. interesting to me that we saw a surge in support for the greens so climate change likely to become a central area. >> putting the x in a box. they're out in force thank you to our reporters across the region. >> we'll see you tomorrow on cnbc we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematici
fiat chrysler and renault shares are soaring. sca has prepared a 50-50 moerge ger which will be discussed by renault's board this morning they say the new will have a surge. they're currently up 10% close to 14% that's it for today's special europe vote show thank you very much for joining us i think some of the big take aways from this has been that we haven't had a stronger showing for the populist therefore we don't know >> the european is holding steady we saw some rise but not to the...
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Jun 6, 2019
06/19
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fiat chrysler pulling the plug on the merger with french car maker renault. fiat blaming politics for the meltdown saying quote it's become clear that the political conditions in france do not currently exist for such a combination to proceed successfully remember the government of france is renault's largest stakeholder. it owns 15% of the company both stocks are down, fiat mildly so, but renault is down more than 7% joining us now from hong kong is the deals editor at "the financial times" and he first broke the original merger story. arash, thank you for joining us. what went wrong in this planned merger >> well, i mean, this is an unbelievable turn of events. this thing was done and dusted it was a story about a smooth, crisscrossing negotiation led by john elle kin, the fiat family scion who had masterminded this merger, consolidation that was too difficult for his predecessor to pull off, for any of the titans of the industry. this quiet, young italian aristocrat had put everything to bed with the french government, french car company, japanese, calmed
fiat chrysler pulling the plug on the merger with french car maker renault. fiat blaming politics for the meltdown saying quote it's become clear that the political conditions in france do not currently exist for such a combination to proceed successfully remember the government of france is renault's largest stakeholder. it owns 15% of the company both stocks are down, fiat mildly so, but renault is down more than 7% joining us now from hong kong is the deals editor at "the financial...
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Jul 23, 2018
07/18
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and what does fiat chrysler do now? the new ceo is mike manley he is the visionary behind the expansion of jeep. he also has run the ram brand over the last couple of years. he has deep operational experience and under him, jeep sales globally have more than tripled since 2011 but the challenges he faces are numerous this is a company still in transition first of all, there's a five-year growth plan the company just announced mike manley helped put that together as part of the team the implementation is the big challenge. do they continue to expand jeep sales which they expect they will especially in china and asia then there's the question of could there be a sale or a merger of either all of fiat chrysler or part of the company? sergio marchionne made no bones about the fact he believes there needs to be consolidation within the auto industry. it will be is there the right move for fiat chrysler to make in the future? look at shares of the company. they're under a little bit of pressure today following the news of thi
and what does fiat chrysler do now? the new ceo is mike manley he is the visionary behind the expansion of jeep. he also has run the ram brand over the last couple of years. he has deep operational experience and under him, jeep sales globally have more than tripled since 2011 but the challenges he faces are numerous this is a company still in transition first of all, there's a five-year growth plan the company just announced mike manley helped put that together as part of the team the...
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Aug 22, 2017
08/17
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he was a former chrysler executive in asia. he introduced the great wall chairman to chrysler i asked him about great wall's interest in jeep and whether or not sergio marchionne would be willing to spin off jeep in a sale given that it's considered the crown jewel of the company >> the question is what is left in the crown when you remove that jewel i don't know what else in the fiat -- obviously ram pickup trucks are probably valuable within that group. but jeep is certainly the most valuable, the most international brand of fca currently one that has the most relevancy in china >> so as bill russo points out, the big question is what is left of fca once you remove jeep if, in fact, that is the only part of the company that great wall motor is interested in we don't know that yet. that's the assumption. when you talk about the market cap of fca, that stands at $21 billion. great wall motors market cap is $16 billion. other analysts have raised questions over whether or not this carmaker can get the financing together to put t
he was a former chrysler executive in asia. he introduced the great wall chairman to chrysler i asked him about great wall's interest in jeep and whether or not sergio marchionne would be willing to spin off jeep in a sale given that it's considered the crown jewel of the company >> the question is what is left in the crown when you remove that jewel i don't know what else in the fiat -- obviously ram pickup trucks are probably valuable within that group. but jeep is certainly the most...
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May 6, 2014
05/14
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what else is working for chrysler right now? >> they've had 49 months of year over year sales growth, so that's good. i think what they have done is they've tried to expand into different markets. there still is pent-up demand, they've been successful there. that will not work forever. theys only need a brand renaissance. the jeep has been compared to chrysler doing doing very well. the world really wants suvs, places you wouldn't expect want suvs. jeep is primed to take that here in the united states and abroad. >> i'm curious to why jeep is doing as well as it seemsingly is. >> you've got new models, tyler, but my recollection is on some of the measures, they don't score particularly well. >> they're better than they used to be. that's the bottom line. they used to be really, really down at the bottom when it came to reliability, and frankly in terms of styling, you would get into a jeep about five years ago and say, i like it from the outside, i don't like it on the inside, and i don't like the way it drives. you look at the
what else is working for chrysler right now? >> they've had 49 months of year over year sales growth, so that's good. i think what they have done is they've tried to expand into different markets. there still is pent-up demand, they've been successful there. that will not work forever. theys only need a brand renaissance. the jeep has been compared to chrysler doing doing very well. the world really wants suvs, places you wouldn't expect want suvs. jeep is primed to take that here in the...
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Sep 28, 2009
09/09
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. >>> what does the future hold for chrysler? the ceo will soon detail the turn-around plan to the auto task force. phil has a closer look at what might be in it. hi, phil. >> hi, erin. it's not what might be in it, but it will be in it. essentially this is all about putting together a game plan, and that is one he outlined first for the chrysler board on friday. he's going to be meeting with the auto task force this week. briefing them about what the plan is over the next five years, for turning around chrysler. by the way, this is sergio at the frankfurt auto show a couple of weeks ago. the strategy is all about cranking out the fuel-efficient vehicles as quickly as possible. chrysler has always skewed for its trucks and suvs. that's what killed it when the gas prices soared last time around. so this time the turn-around plan is going to be focusing on the fuel-efficient models, the "a" and "b" segment, "a" like a mini cooper would be an "a" model. they'll bring over the fiat. redesigned models. they're not getting rid of all t
. >>> what does the future hold for chrysler? the ceo will soon detail the turn-around plan to the auto task force. phil has a closer look at what might be in it. hi, phil. >> hi, erin. it's not what might be in it, but it will be in it. essentially this is all about putting together a game plan, and that is one he outlined first for the chrysler board on friday. he's going to be meeting with the auto task force this week. briefing them about what the plan is over the next five...
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Oct 13, 2014
10/14
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talk about the significance of chrysler once again being listed here at the nyse. >> the chrysler stock has been away from new york now for nearly 15 years. daimler bought it back in the '90s. for us, now that we're together with fiat, it's a combination of a long trip that started more than five years ago. you and i were reminisce being those dark days in 2009. i think the teams have traveled a long and painful road since then. but i think the listing is a recognition of the effort that's gone in by a bunch of people. 300,000 people that work there. we've done a lot. i'm incredibly proud of what they've done. i'm delighted. this is ten years in the making, five years for chrysler to get here. it's a great day. >> john, though this is not a capital raising stock listing, that potential exists in the future. if you do want to go to the markets at some point in the future, you're in position now listed here on the nyse where the process is easier, isn't it? >> no doubt, to be in the largest market is a great opportunity. on the other hand we are one of the big three. being in the u.s. and
talk about the significance of chrysler once again being listed here at the nyse. >> the chrysler stock has been away from new york now for nearly 15 years. daimler bought it back in the '90s. for us, now that we're together with fiat, it's a combination of a long trip that started more than five years ago. you and i were reminisce being those dark days in 2009. i think the teams have traveled a long and painful road since then. but i think the listing is a recognition of the effort...
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May 25, 2018
05/18
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bob lutz is here, ceo and chief operating officer at chryslerment welcome to you. wondering, look, this is the second time in two years for a massive recall there what's going on? >> well, recalls that are kind of a way of life in the automobile industry, and usually companies jump on them as early as they can in order to keep the numbers down, and, frankly, not being in the industry anymore and not being with chrysler, i don't know what happened the thing to remember is this is a numerically large recall because they use the same cruise control in everything they make, but in terms of expense , it's not big because it's software related. it's a software glitch somewhere. they'll find it. matter of reflashing the software at the dealership, probably no parts involved meanwhile -- >> you said this is big in terms of numbers of vehicles, 5 million, of course, but not in cost or human lives. >> it's not a big deal -- no reported accident or injuries, no deaths, and chrysler vehicles are perfectly safe to drive. chrysler just said that people should avoid using cruise
bob lutz is here, ceo and chief operating officer at chryslerment welcome to you. wondering, look, this is the second time in two years for a massive recall there what's going on? >> well, recalls that are kind of a way of life in the automobile industry, and usually companies jump on them as early as they can in order to keep the numbers down, and, frankly, not being in the industry anymore and not being with chrysler, i don't know what happened the thing to remember is this is a...
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Sep 23, 2013
09/13
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. >> news on chrysler here. as expected, chrysler has filed for an ipo. we do know that it is 16.6% of the outstanding shares of the company. that is the trust that is owned by the uaw, supplying or will be funding health care benefits in the future for uaw employees and retirees. we are still waiting to find out the specifics on this. chrysler has filed for an ipo. most we are estimating will be about a billion dollars but we will get those details momentarily and we will let you know. >> we will look forward to the details. demand for automaker shares are high. will it pull away money away from the general motors? >> that was my first thought when i heard this. >> i would say a billion dollars is nokt, actually. i would think that is a min mouse amount. >> the trend all along has been downstream. delphi automotive, look at what that stock has done. those are the places you want to be. >> i actually agree with your first premise. people get excited about ipos especially now with auto sales being what they were. they are willing to take a risk on somethin
. >> news on chrysler here. as expected, chrysler has filed for an ipo. we do know that it is 16.6% of the outstanding shares of the company. that is the trust that is owned by the uaw, supplying or will be funding health care benefits in the future for uaw employees and retirees. we are still waiting to find out the specifics on this. chrysler has filed for an ipo. most we are estimating will be about a billion dollars but we will get those details momentarily and we will let you know....
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Jul 22, 2013
07/13
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man even though he's no longer a chrysler employee. three years after the automaker shut down its stamping plant in twinsburg, ohio, mcqueen hasn't forgotten the job he loved. >> like a lifelong job to get in there and once he did i had made it. >> reporter: but mcqueen and 1,260 others lost their job when chrysler went bankrupt in 2009. >> we had some people that really got hurt by this. >> reporter: as twinsburg wrestled with higher unemployment chrysler went through chapter 11 and started adding jobs at its remaining plants. >> we're able to add a second shift. >> we're investing a total of $374 million. >> we're going to be adding 1,100 jobs more to this plant. >> reporter: while chrysler is running near capacity and is expected to continue adding jobs around the country, it's unlikely the automaker will return to twinsburg with the new plant. >> as they ramp up production, they will hire additional workers in the plant but won't build new plants for the foreseeable future. >> reporter: so the city of 18,000 is trying to move on wi
man even though he's no longer a chrysler employee. three years after the automaker shut down its stamping plant in twinsburg, ohio, mcqueen hasn't forgotten the job he loved. >> like a lifelong job to get in there and once he did i had made it. >> reporter: but mcqueen and 1,260 others lost their job when chrysler went bankrupt in 2009. >> we had some people that really got hurt by this. >> reporter: as twinsburg wrestled with higher unemployment chrysler went through...
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Oct 30, 2019
10/19
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and looking at the best performers of the day, given the commentary chrysler a chrysler trading higher. and loreal 6% higher >> let's stick with the auto theme. volkswagen has cut its guidance for delivery not holding its share back warning markets are contracting faster than expected maybe they are getting a bump because the group reported a jump in operating profit thanks to strong demand for porsche models a bit of a mixed picture caroline it seems like reality is catching up with volkswagen, which has consistently beaten expectations that is the positive surprise. the negative surprise, if you will, investors are not too worried. they have to deal with this very difficult market environment saying that they are lowering the forecast for the vehicle deliveries they'll be studying this year. it is a tiny tweak and guiding for the rest of the outlook to be the same. the company is still surprising investors this year. stock is up some 24% outpacing the industry yet the challenging outlook comes as the company is making a huge push into elect indication coming out with 70 models over t
and looking at the best performers of the day, given the commentary chrysler a chrysler trading higher. and loreal 6% higher >> let's stick with the auto theme. volkswagen has cut its guidance for delivery not holding its share back warning markets are contracting faster than expected maybe they are getting a bump because the group reported a jump in operating profit thanks to strong demand for porsche models a bit of a mixed picture caroline it seems like reality is catching up with...
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Jan 24, 2017
01/17
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my experience with chrysler, do you move the chrysler 300, the mine knee v mini van, the dodge products out of canada and back to the u.s.? talking about multi-billion dollars of refaciletizing abandoned factories we had to go through during the financial meltdown in '07, '08 and '09. that'll be one decision. the second decision on some of the imports from mexico, like the fiat 500, you know, they may elect not to import it. doesn't have that high of a demand. mary talked about maybe not importing the hatchback on the cruz. that's that decision. i think the other thing maybe with the trump administration, there will be an easing on some of the cafe standards that have cost millions of dollars in that regard, relative to technology. certainly, you know, you mention the need for continual investment in safety, quality, reliability for our consumers. so they'll have a full plate of decisions to make. but i tell ya, i am really encouraged with the industry and the comments i just heard coming out of the trump meeting and the opportunity to restore manufacturing in the u.s. and really drive
my experience with chrysler, do you move the chrysler 300, the mine knee v mini van, the dodge products out of canada and back to the u.s.? talking about multi-billion dollars of refaciletizing abandoned factories we had to go through during the financial meltdown in '07, '08 and '09. that'll be one decision. the second decision on some of the imports from mexico, like the fiat 500, you know, they may elect not to import it. doesn't have that high of a demand. mary talked about maybe not...
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Jan 13, 2017
01/17
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that's fiat chrysler. we'll give you a check on shares because they have been rebounding in today's session. you can see they're now higher. this after a major drop, though they are leading the way to the top of the stoxx 600 after shares plummeted thursday after the u.s. environmental protection agency accused the automaker of violations against the clean air act. this rattled investors, but we did get a strong defense coming from fiat chrysler. the ceo, sergio marchionne saying we are not criminals and drawing the line under any comparisons to volkswagen. he wanted to make it clear this was not another case of the volkswagen scandal saying we do not have a defeat device. >> marchionne was so angry. shares dropped significantly stateside, we saw that. the u.s. environmental protection agency accusing the company of using software to allow this excess diesel emissi emissions, as we heard with vw as well. the listed shares stateside fell almost 20%, right? >> that's right. then recovered a bit by the end of
that's fiat chrysler. we'll give you a check on shares because they have been rebounding in today's session. you can see they're now higher. this after a major drop, though they are leading the way to the top of the stoxx 600 after shares plummeted thursday after the u.s. environmental protection agency accused the automaker of violations against the clean air act. this rattled investors, but we did get a strong defense coming from fiat chrysler. the ceo, sergio marchionne saying we are not...
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May 25, 2018
05/18
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. >>> getting some of recall information out of fiat chrysler today. we'll turn to philip >> reporter: this is massive recall from fiat chrysler. here is what the company announced 4.8 million vehicles in the united states are being recalled these are 15 models from the model year 2014 all the way up through 2019 we're talking about some of the most popular jeep, ram, dodge, chrysler model that the company builds cruise control defect is the issue here as we take a look at shares of fiat chrysler, here is what the company is also doing. this is highly unusual it is warning owners of these vehicles do not use cruise control. stop using it immediately. there's an issue where once the cruise control is engaged under certain circumstances, the driver may be unable to disengage it almost to the point where they have to put it in neutral and then hit the brakes and once they have it completely stopped, once it's in park, that would finally disengage the cruise control. the company said it knows of no incidents, accidents, or injuries involving people who may
. >>> getting some of recall information out of fiat chrysler today. we'll turn to philip >> reporter: this is massive recall from fiat chrysler. here is what the company announced 4.8 million vehicles in the united states are being recalled these are 15 models from the model year 2014 all the way up through 2019 we're talking about some of the most popular jeep, ram, dodge, chrysler model that the company builds cruise control defect is the issue here as we take a look at shares...
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Jul 14, 2015
07/15
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chrysler is the only one with sizable gains. at this point, colin, what does the auto industry need to do to move the stock? >> i think both of them -- we like both gm and ford cheap valuations. ford in particular, you're really going to see some momentum coming up as they launch the f-150 and really sizable volume dealers. that's going to drive, you know both market share and more importantly the bottom line in earnings so there's upside going into the second half and i think investors need to see. these are sort of show-me stories and they really need to see that the companies deliver on the promised earnings and that will really get them going again. >> we appreciate your insight. thank you very much. marcus, you're taking the whole situation because for years you had labor with the power and after the financial crisis the bosses had all the power. they said it's a tough market and we'll dictate the rules. things have shifted back towards labor as things have gone well. how would you handle this negotiation? >> things are onl
chrysler is the only one with sizable gains. at this point, colin, what does the auto industry need to do to move the stock? >> i think both of them -- we like both gm and ford cheap valuations. ford in particular, you're really going to see some momentum coming up as they launch the f-150 and really sizable volume dealers. that's going to drive, you know both market share and more importantly the bottom line in earnings so there's upside going into the second half and i think investors...
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Sep 15, 2015
09/15
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they will extend the current contract with fiat chrysler on an hourly basis. a sign the two sides are moving closer to reaching a tentative deal. the union's contract expired at midnight eastern time. the uaw will extend the contract indefinitely during talks. the union picked chrysler as it's target company means a deal with the auto maker could be used as a template for talks with gm and ford. they could call for a country-wide strike and limited walk outs. that could cripple their operations. it has 46,000 uaw employees without forcing big place of employment -- payments from its strike funds. on monday ford and gm agreed to extend their current deals indefinitely meaning workers will continue to operate under the terms of their 2011 contract until a new deal is reached. with the pace of auto sales at a decade high he's under a lot of pressure from members. uaw veterans haven't received a raise in about ten years. as the smallest of the big 3, fiat chrysler has less room to grant wage hikes. 40% of its hourly workers are in the lower pay. he cancelled an ap
they will extend the current contract with fiat chrysler on an hourly basis. a sign the two sides are moving closer to reaching a tentative deal. the union's contract expired at midnight eastern time. the uaw will extend the contract indefinitely during talks. the union picked chrysler as it's target company means a deal with the auto maker could be used as a template for talks with gm and ford. they could call for a country-wide strike and limited walk outs. that could cripple their...
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Oct 27, 2009
10/09
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chrysler, really bad news. the lowest rated manufacture for reliability. 1/3 of the chrysler models had much worse than average quality a reflection as chrysler was cutting corners as it lost billions in the last couple of years. >> you could see as their money was running out you could look at their products, the interiors weren't as good. they were cutting costs in obvious areas. they need to turn the corner. >> not a good day for gm and chrysler, but for ford, on par with the asian automakers. for more why ford is having this success check out the blog behindthewheel cnbc.com. >> chrysler is going to discontinue a lot of american lines and, in fact, start importing some fiat cars because of the deal after the bankruptcy. fiat's reliability, do we have any sense of that? you know what the joke is? fiat stands for fix it again, tony, right? >> that was fiat 15, 20 years ago. it is a different company. what they are doing with chrysler, they are going to phase out brands. put platforms from fiat under the chrys
chrysler, really bad news. the lowest rated manufacture for reliability. 1/3 of the chrysler models had much worse than average quality a reflection as chrysler was cutting corners as it lost billions in the last couple of years. >> you could see as their money was running out you could look at their products, the interiors weren't as good. they were cutting costs in obvious areas. they need to turn the corner. >> not a good day for gm and chrysler, but for ford, on par with the...
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Nov 26, 2013
11/13
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>> well, ross, chrysler issued an s.e.c. filing late yesterday saying it intends to list its shares on the new york stock exchange under the kicker cgc. but earlier, it postponed plans for an ipo until early next year. the company's majority owner fee ya says it wouldn't be, quote, practical to conduct an ipo next month. the time sg being pushed back to chrysler can resolve a tax issue with the irs. that involves converting the firm from a limited liability company or llc to a c corporation which is what most publicly traded companies are. as an llc, chrysler has few shareholders and can pass on responsibilities pore paying taxes to its owner in this case fiat. but a c-corp. has is its taxes and shoulders a great er tax burden. in an interview monday morning, it was said the fiat ceo has long opposed an ipo to begin with. he repeatedly said he would prefer to merge fiat and chrysler. chrysler was forced to file paperwork in september after failing to reach a buyout deal with the uaw trust. prepping for an ipo could allow the
>> well, ross, chrysler issued an s.e.c. filing late yesterday saying it intends to list its shares on the new york stock exchange under the kicker cgc. but earlier, it postponed plans for an ipo until early next year. the company's majority owner fee ya says it wouldn't be, quote, practical to conduct an ipo next month. the time sg being pushed back to chrysler can resolve a tax issue with the irs. that involves converting the firm from a limited liability company or llc to a c...
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May 28, 2019
05/19
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he's the former president and vice chairman of chrysler. has worked as an adviser at renault and nissan for the past decade jim, thanks so much for joining us >> my pleasure thank you, wilfred >> talk to us about what you think is driving this deal simple cost cutting or is there some more structural areas that people are missing >> i think it's going to be a historic deal. the consolidation in the global auto business is something that has to happen. you know, we've had nine years of good growth from the recovery sales globally have slowed down. markets have really given up retail volume. china, europe, and north america. so the pressure on profits is increasing at a time when the investments required for the new technology of autonomous vehicles and electric transition, all of that is adding a significant burden on investments. and so the synergies, the cost savings, but the forward-looking reality that fewer auto companies with much greater span of control and synergy will be those that survive and succeed in the future. it's a forerunne
he's the former president and vice chairman of chrysler. has worked as an adviser at renault and nissan for the past decade jim, thanks so much for joining us >> my pleasure thank you, wilfred >> talk to us about what you think is driving this deal simple cost cutting or is there some more structural areas that people are missing >> i think it's going to be a historic deal. the consolidation in the global auto business is something that has to happen. you know, we've had nine...
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Sep 19, 2013
09/13
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marchionne and chrysler as a whole. had you look at shares of fiat which are down more than 20% if you go back to the time when they actually bought chrysler, the key thing to keep in mind is, there's a negotiation that's going on, tyler, between mr. marchionne and fiat, and ultimately they're trying to figure out a pras for fiat to buy veba. this ipo pricing could be part of figuring out that valuation. >> phil, thank you very much, keeping his eye on that story for us. >>> time now for "the power rundown." first up, a new census study finds that america's economic gap is widening with the poor getting poorer, even as the rich get richer. what, guys, is driving that split? robert? >> you know, stan druckenmiller this morning saying what's driving that split in part is the fed. he said he bernanke and the fed is behind the largest redistribution of wealth from the middle class and poor to the wealthy ever. and if you look at this -- let's accept that the fed does drive stock prices higher. the top 10% of the wealthy own
marchionne and chrysler as a whole. had you look at shares of fiat which are down more than 20% if you go back to the time when they actually bought chrysler, the key thing to keep in mind is, there's a negotiation that's going on, tyler, between mr. marchionne and fiat, and ultimately they're trying to figure out a pras for fiat to buy veba. this ipo pricing could be part of figuring out that valuation. >> phil, thank you very much, keeping his eye on that story for us. >>> time...
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May 31, 2018
05/18
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here's the expanded war partnership between waymo and fiat chrysler. they've been testing these hybrid minivans. well, they're going to be building up to 62,000 more of these modified vehicles here in the united states. and also there will be discussions between waymo and fiat chrysler about licensing waymo's autonomous drive technology just a reminder, there are already 600 of these modified chrysler pacifica minivans testing it out in the phoenix area where the company will be launching an autonomous drive ride sharing service later this year and also tested in the bay area whichological be getting an autonomous ride sharing service run by waymo when you look at shares by fiat chrysler, also remember tomorrow at the fiat chrysler headquarters in turin, italy, the new ceoological give the five-year forecast with jeep and jeep brand. and what else they intend to do. guys, back to you. >> fiat chrysler, you can see moving on that news. >>> let's wrap things up, mike, with you discretionary, you do not like consumer confidence numbers are pretty darn goo
here's the expanded war partnership between waymo and fiat chrysler. they've been testing these hybrid minivans. well, they're going to be building up to 62,000 more of these modified vehicles here in the united states. and also there will be discussions between waymo and fiat chrysler about licensing waymo's autonomous drive technology just a reminder, there are already 600 of these modified chrysler pacifica minivans testing it out in the phoenix area where the company will be launching an...
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Jan 14, 2016
01/16
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. >>> chrysler tumbling. accusations the company is trying to inflate sales. >>> stocks may have rallied today, but there is an ominous warning in a crucial part of the market. >> don't mess with the bull, you'll get the horns. >> why it could have big implications for your money. >> biotech beatdown or not? the one stock that could lead the sector's comeback next week. >>> i'm seema mody with breaking news. bhp is reducing the number of rigs saying the increased volatility increased discount rates. it expects to recognize an impairment charge of approximately $4.9 billion post tax. shares of bp billiton are down 0.3% after hours. >> thank you. shutting two rigs. what do you make of bhp? >> probably the best diversified global miner out there, probably the best balance sheet. i don't think this news changes their fortune. it's probably pegged to cop other, iron ore and the rest of the complex. it's why i think oil is starting to rally, because again, rate caps are down. that is not sustainable to production.
. >>> chrysler tumbling. accusations the company is trying to inflate sales. >>> stocks may have rallied today, but there is an ominous warning in a crucial part of the market. >> don't mess with the bull, you'll get the horns. >> why it could have big implications for your money. >> biotech beatdown or not? the one stock that could lead the sector's comeback next week. >>> i'm seema mody with breaking news. bhp is reducing the number of rigs saying...
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Jul 27, 2015
07/15
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chrysler pickup trucks that have defective steering. and also cars can be repaired after a defective gas tank. this comes after hackers were able to hack the u-connect dashboard computers. the company had already released a software patch to happy strengthen security. but now it says it will send a usb drive to all affected owners with a product update. >> have a great day. >>> in other news historic victory for britain's chris froome who has a tour de france victory. in the end won by just 72 seconds. how about that? the narrowest margin since 2008. he crossed the finish line in paris to beat colombia's nairo quintana securing the yellow jersey. >>> before we go to break, chinese stocks collapsed since the shanghai composite closed in its worst day since 2008. teva acquires allergan ditching plans to buy milan. and best buy is the first to sell the apple watch. you're watching "worldwide exchange." >>> a rough night overseas in asia looking at the shanghai composite down 8.5%. its worst day since 2007. what's behind the selloff. let's
chrysler pickup trucks that have defective steering. and also cars can be repaired after a defective gas tank. this comes after hackers were able to hack the u-connect dashboard computers. the company had already released a software patch to happy strengthen security. but now it says it will send a usb drive to all affected owners with a product update. >> have a great day. >>> in other news historic victory for britain's chris froome who has a tour de france victory. in the end...
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Jan 2, 2014
01/14
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this gives fiat complete ownership of chrysler. they want the chrysler cash flow to help with fiat restructuring and expansion into europe and asia. after the deal was announced yesterday, search i don't said in the life of every major organization and its people there, are defining moments that go down in history books. for fiat and chrysler, this is clearly one of those moments. you might say what does the veba trust get out of this which sides from the critical cash it needs. it also has agreed to further commitments for supporting fiat and chrysler in terms of world class manufacturing, getting them all on the same page. this deal is expected to close by january 20th. take a look at shares of fiat over the last year, up 62% enjoying a nice move along with the rest of the auto sector around the world. and we mentioned about the ipo. nobody thought that that ipo that was being proposed by the veba trust was ever going to fly. i talked with one banker about two weeks ago, he chuckled at the idea of this ipo ever coming to the mark
this gives fiat complete ownership of chrysler. they want the chrysler cash flow to help with fiat restructuring and expansion into europe and asia. after the deal was announced yesterday, search i don't said in the life of every major organization and its people there, are defining moments that go down in history books. for fiat and chrysler, this is clearly one of those moments. you might say what does the veba trust get out of this which sides from the critical cash it needs. it also has...
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Jan 12, 2017
01/17
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fee i can't chrysler and epa are negotiating the issue for several months. the models impacted here, 104,000, put that in perspective, talking about 1.5% of the sales between 2014-2016, shares of fiat chrysler have come back a little bit. guys, i've interviewed sergio numerous times since becoming ceo of the company coming out of bankruptcy, never heard him this mad. this is not just irritated with the epa and, oh, by the way, he understands that the doj's also investigating the company. he's furious. he says let's have a conversation, and if you don't have to have it, epa, we'll have it with the trump team, the people from the trump team running the environmental agency. guys, back to you. >> phil, do not move. breaking news on your beat we'll get from sue herrera, another story not going away. sue? >> that concerns takata. they will plead guilty to criminal wrong doing as soon as friday. the criminal case stems from misleading air bag testing reports. according to the sources quoted by dow jones, takata is expected to pay a criminal penalty, restitution to
fee i can't chrysler and epa are negotiating the issue for several months. the models impacted here, 104,000, put that in perspective, talking about 1.5% of the sales between 2014-2016, shares of fiat chrysler have come back a little bit. guys, i've interviewed sergio numerous times since becoming ceo of the company coming out of bankruptcy, never heard him this mad. this is not just irritated with the epa and, oh, by the way, he understands that the doj's also investigating the company. he's...
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Jun 9, 2015
06/15
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the ceo of fiat chrysler. he was been courting gm shareholders, talking about hedge funds that have a stake in gm potentially activist hedge funds about the possibility of a merger. gm said it's not interested in a merge er merger with gm and fiat chrysler. mary berra saying we have a plan and plan to execute that plan. take a look at the dimplevergence between the two stocks. morningstar sent me a note. part of the rise for fiat chrysler is because of what we've seen with the euro in terms of its costs and how it's benefited there. the other issue coming into play here is when you look at where fiat chrysler is in terms of its execution, sergio marchionne is better interested utilizing the capital this company has in the form of a merger. that it's divergent. don't expect gm to talk to sergio any time soon. >> it's new to the market. up's interested why they ended up at gm? you will know it's no secret sergio was shopping fiat chrysler to anyone who would listen. why has he ended up at gm's door with this for
the ceo of fiat chrysler. he was been courting gm shareholders, talking about hedge funds that have a stake in gm potentially activist hedge funds about the possibility of a merger. gm said it's not interested in a merge er merger with gm and fiat chrysler. mary berra saying we have a plan and plan to execute that plan. take a look at the dimplevergence between the two stocks. morningstar sent me a note. part of the rise for fiat chrysler is because of what we've seen with the euro in terms of...
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Nov 25, 2013
11/13
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j., chrysler, ford, gm? >> ford every time. >> that chrysler deal will not happen. it's a bluff. >> you said first quarter 2014. >> it's not feasible. >> why? >> they're trying to extract more money from the ceo of fiat, the majority owner. this is the unions looking for a bigger share of what they end up getting for their stake. >> ford, i would choose ford every time. if someone asked you whether ford or gm was up. you would think that ford grossly outperformed gm. they are both up. >> investors betting it will need to lose service restrictions in iran's oil export, increasing global supplies, crude oil down, how much further could it fall? dennis garmin, joins us now on the fast line, dennis, great to have you with us. >> good to be heard, not seen this time. >> what is your take on the decline, in wti, a knee-jerk reaction? the reality of the situation is that iran would not be able to really get back online a lot of the production. >> well, it will be some while. they are not going to come online tomorrow or next week. and even if theyer allowed to get their fa
j., chrysler, ford, gm? >> ford every time. >> that chrysler deal will not happen. it's a bluff. >> you said first quarter 2014. >> it's not feasible. >> why? >> they're trying to extract more money from the ceo of fiat, the majority owner. this is the unions looking for a bigger share of what they end up getting for their stake. >> ford, i would choose ford every time. if someone asked you whether ford or gm was up. you would think that ford grossly...
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Jul 27, 2015
07/15
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. >> fiat chrysler paying more than 100 million of its handling of recalls. transportation secretary anthony fox will join us live. >>> the ceo of boyd gaming will discuss where he sees growth. >> today we have henry tao, steve grasso. should we be as concerned over what's taking place in china? >> i don't think the u.s. market should be concerned at all. in china only 15% of household assets are in the chinese market. people are not spending according to what they make in the chinese equity market. i don't think there will be any substantial impact on the u.s. earnings at all. >> do you buy that rick? >> not even a little. i don't disagree with his information. i do think there are many aspects to china unique to china. many have no problem when commodities were racing and copper was racing saying this represented global demand. maybe it was china's demand. i think that this reversal may not be exactly correlating. let's speak or let the market speak for themselves. the dollar index, bund and dax all hit the same levels in july. when i see the dow, it's not
. >> fiat chrysler paying more than 100 million of its handling of recalls. transportation secretary anthony fox will join us live. >>> the ceo of boyd gaming will discuss where he sees growth. >> today we have henry tao, steve grasso. should we be as concerned over what's taking place in china? >> i don't think the u.s. market should be concerned at all. in china only 15% of household assets are in the chinese market. people are not spending according to what they...
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Jun 6, 2019
06/19
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so now investors asking what happens now for fiat chrysler? and i'm very pleased to say that we have a guest joining us in auto -- an auto expert to help us make sense of this news so we have got anna marie baisden. thank you for joining us this morning. so we have now heard that the deal fell apart due to the french government really meddling here. first question to you, is the deal really dead >> hi, joanna. i think it is. it was always going to be difficult because there are so many moving parts involved in this i mean, the ownership structure between renault was an issue and then outside of the companies as you said you have the french state involvement. so i think it's going to be too difficult to pull off now. but that's not to say we won't see more tie-ups of some description. but i think this deal is probably dead now. >> i want to come on to the issue of potential more tie-ups in just a moment but just going a little bit further on the renault fiat deal when the deal broke we had an analyst on this show who cited valuation as a potent
so now investors asking what happens now for fiat chrysler? and i'm very pleased to say that we have a guest joining us in auto -- an auto expert to help us make sense of this news so we have got anna marie baisden. thank you for joining us this morning. so we have now heard that the deal fell apart due to the french government really meddling here. first question to you, is the deal really dead >> hi, joanna. i think it is. it was always going to be difficult because there are so many...